The Study of Accounting Will Be Useful Only If a Student

question 80

True/False

The study of accounting will be useful only if a student is interested in working for a profit-oriented business firm.

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Definitions:

Calorie Counts

A measure of the energy contained in food, typically used for dietary planning and food labeling.

ERP

Enterprise Resource Planning, or ERP software, is used by organizations to efficiently manage various day-to-day business activities, ranging from accounting and procurement to project management and manufacturing.

Information Silos

Refers to a situation in which information is isolated within a department or unit within an organization, leading to inefficiencies and lack of synergy between different parts of the organization.

FAIS

Functional Area Information System, systems designed to manage data and information specific to the operations of a particular department or function within an organization.